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1033 Open Banking Mandate Blueprint for Success

Perficient

Under this ruling, banks, credit unions, credit card issuers, and other financial service providers must enhance consumer access to personal financial data. The first compliance deadline of April 1, 2026, impacts the largest organizations. The ruling demands action from all non-depository firms (e.g.,

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Why Spend Management Tools Matter For Field-Based Workers

PYMNTS

The latest Workforce Spend Playbook showcases the shifting spend management solutions landscape and how improved services are affecting SMBs’ in-field expense management, back-office operations and bottom lines. Spend Management Solutions Are on the Rise. billion by 2026. A survey of U.S.

Tools 108
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How Fuel Cards Hold Fleets Back From EV Adoption

PYMNTS

The adoption of fleet cards and electronic payment technologies in the fleet industry supports the sector’s push toward digitization and innovation. According to the report, not a single fleet card provider is able to support transactions at EV charging stations across multiple charging networks.

Cards 128
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The CFPB section 1071 effective date

Abrigo

The CFPB generally describes it as a request for any of the following: Loans Lines of credit Credit cards Merchant cash advances Credit products used for agricultural purposes Requests for additional credit on an existing loan are not counted as originations for the purpose of determining a covered financial institution.

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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder.

Industry 471
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The Future of Checks – Tales From The Crypt

South State Correspondent

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195
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Consumer Credit Update for 2Q 2023

South State Correspondent

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. These are cash flow management tools that send a signal of future problems. We should see a slight increase in production in 2025 and 2026 driven by lower rates. The number of cards in the wallet is almost a full card at just shy of 3.

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